Insurance captives are a way for best-in-class carriers (which apparently we were) to lower their costs by eliminating class underwriting while retaining profits and investment income. Simply put, when you join a captive you become a minority partner in an insurance company owned and managed by like-minded carriers.
Carriers expect to be paid for the freight they move. There’s no surprise there. But the businesses that broker or sub-broker loads might be surprised to learn they can be held liable for ensuring freight-related payments get to carriers that turn the wheels.
What’s your biggest maintenance headache? I actually do want to know because, believe it or not, planning for next spring’s Canadian Fleet Maintenance Summit on April 15 is already underway. It’s at a preliminary stage, for sure, but we’re already at it. We haven’t yet held a meeting of the dozen or so members of the advisory council that helps us devise the program, but individually we’re creating short lists of subjects to cover.
Every time I see a policeman or a tow-truck driver working at the side of a busy road, I get the willies. The risk is so obvious, so profound. A driver’s momentary inattention or wilful carelessness can snuff out a life in a millisecond. It happens far too often.